ATS Corporation(ATS)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$18.03
10/01/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for ATS

10/01/2026: ATS (1-star) is currently NOT-A-BUY. Pass it for now.

ATS Corporation is a global provider of custom-engineered industrial automation systems, serving demanding industries like life sciences and consumer goods. The company has a leading position in delivering high-precision solutions and benefits from strong recurring revenue through after-sales support. Its primary growth story revolves around secular trends in manufacturing onshoring and the adoption of its proprietary automation technologies. Key risks include exposure to cyclical industrial capital spending and potential execution difficulties stemming from a complex M&A strategy. ATS may suit growth-oriented investors looking for exposure to industrial automation, though they should monitor its project-based margin profile and integration performance closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitATS has a track record of scaling revenue and capabilities through a proven acquisition-led growth strategy.
Momentum investorMixed fitPerformance is subject to cyclical industrial trends, requiring positive sentiment on sector capex.
Value investorMixed fitValuation often reflects growth expectations, making it less attractive if the growth premium is high.
Dividend investorWeak fitThe company does not pay a dividend, focusing instead on capital reinvestment.
Low-risk investorWeak fitThe industrial automation sector is sensitive to economic cycles and project execution risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock is influenced by broader industrial cycle sentiment.
Valuation riskMediumGrowth expectations are often priced into the shares.
Competition risk (Industrial Automation)Medium / highCompetition from global giants with deep R&D budgets.
Business qualityMediumStrong market position in niche segments but subject to project-based margins.
Dividend incomeLow / noneIncome-focused investors should look elsewhere.
Execution riskMediumM&A success depends on the ability to integrate diverse companies efficiently.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -16.3%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/01/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ATS receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
ATS has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2026 versus FY2025, strong earnings growth (+355.4%) and solid cash generation (FCF margin 12.5%) are partially offset by soft profitability (net margin 2.4%), very low insider ownership of 0.22%.

Financial Health Rating

★★★★★
ATS's financial health is supported by solid cash strength, including free-cash-flow generation (12.5% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is ATS's strongest growth driver at +811.1% FY2026 versus FY2025 (strong, 5 stars). Revenue growth (+17.4%, solid) and earnings growth (+355.4%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 90.8% and approximately 74.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.22%, which materially reduces the ownership score.

Top 5 Institutional Investors

Mason Capital Management LLC 16.72%
Royal Bank of Canada 8.03%
EdgePoint Investment 7.14%
Beutel, Goodman & Company Ltd. 4.89%
Turtle Creek Asset Management Inc. 3.14%

Unit Economics (Per $1K Revenue)

★★★★★
ATS generates approximately $286 of gross profit, $75 of operating income, and $125 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Soft margins and solid cash conversion support a 3-star rating, while capital efficiency is soft.

Economic Dimensions

★★★★★
Effective Tax Rate: 27.69%

Quantitative Style Profile

★★★★★
ATS has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Small / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.77B USD
Price to earnings Ratio 53.09
1Y Target Price 35
Price to earnings Ratio 53.09
1Y Target Price 35
Volume (30-day avg) 276.0K shares
Beta 1.16
52 Weeks Range 17.77 - 35.82
Updated Date 10/01/2026
52 Weeks Range 17.77 - 35.82
Updated Date 10/01/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.34

How Company Makes Money

Business areaWhat it includesRetail investor read
Automation SystemsDesign, engineering, and manufacturing of custom automation machines.Revenue is earned by delivering bespoke, high-tech manufacturing systems to big-name clients.
After-Sales ServicesMaintenance, service contracts, and spare parts.This provides a steady, recurring income stream once the machines are installed.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 53.09
Forward PE 17.73
Enterprise Value 2.74B
Price to Sales(TTM) 0.6
Enterprise Value 2.74B
Price to Sales(TTM) 0.6
Enterprise Value to Revenue 1.31
Enterprise Value to EBITDA 11.55
Shares Outstanding 98.13M
Shares Floating 73.35M
Shares Outstanding 98.13M
Shares Floating 73.35M
Percent Insiders 0.22
Percent Institutions 90.84

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About ATS Corporation

Exchange NYSE
Headquarters Cambridge, ON, Canada
IPO Launch date 2016-01-04
CEO & Executive Director Mr. Douglas William Wright
Sector Industrials
Industry Specialty Industrial Machinery
Full time employees 7000
Full time employees 7000

ATS Corporation, together with its subsidiaries, engages in the planning, designing, building, commissioning, and servicing of automated manufacturing and assembly systems worldwide. The company offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modeling; post-automation services, including training, process optimization, preventive maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after-sales services. It also provides engineering design, prototyping, process verification, specification writing, software and manufacturing process controls development, standard automation products and platforms, equipment design and build, third-party equipment qualification, procurement and integration, automation system installation, product line commissioning, validation, and documentation services. In addition, the company offers value engineering, supply chain management, and integration and manufacturing capabilities, as well as other automation products and solutions; and software and digital solutions comprising connected factory floor management systems to capture, analyze, and use real-time machine performance data to troubleshoot issues, deliver process and product solutions, prevent equipment downtime, drive operational efficiency, and unlock performance for sustainable production improvements. It serves the life sciences, transportation and mobility, consumer products, food and beverage, electronics, nuclear, packaging, warehousing and distribution, and energy markets. The company was formerly known as ATS Automation Tooling Systems Inc. and changed its name to ATS Corporation in November 2022. ATS Corporation was founded in 1978 and is headquartered in Cambridge, Canada.